Risk transfer mechanism to defend DDoS attacks in IoT scenario

Along with the advancements of Internet of Things, the security challenges have also escalated at an alarming rate. The recent increase in DDoS attacks involving IoT-enabled systems has created a lot of disturbances in the digital world. Defending DDoS attacks in the IoT environment is a difficult but essential task. Even though there is some progress being made to create secure IoT systems, due to the resource-constrained nature of IoT devices, there can be instances that large-scale attacks can't be handled by the network. In such cases, a third party can be asked to handle the risk. Such risk transfer mechanism can be constructed on an economic incentive-based agreement. We are modeling a risk transfer mechanism for an IoT environment to defend large DDoS Attacks.